Matched 2013 B Serial Number Star Notes

[SnoopyDoo7669]

Hey Scott,
I let Susan know your generous offer and she said she will be contacting you.

We kept getting interrupted and I didn’t get to ask her, her unofficial guess, I had hoped to ask her Sunday, but I didn’t see her there Sunday, she must have left Saturday night.

The show was very crowded, they said the best crowd since Covid started. I literally went “hoarse” from talking so much, answering questions about my exhibit. It was a lot of fun.

The biggest surprise was a gentleman came up and introduced himself as “Tony” from TN, and he wanted to show me something, he carefully unpacked a pair of these notes, but not just any pair, it was my pair that I sold on StacksBowers in August 2021, and then it was re-sold by that owner on eBay in early 2022.
He came all the way to the show to see me and for us to get a picture of us together with that pair.

The magazine/catalog on the display case, was in my exhibit, and it was of that pair when it was being advertised before the auction. I took it out and gave it to Tony, I said they need to be together.

What a great gentleman, we ended up going to dinner that night, and he went home the next day.

I’m so excited to see your pair go to auction live and watch it grow!!!

Take care,
Craig

 

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[AU24K]

You, Sir,
Are one in a million!

I'm proud to know you.

When Susan contacts me, I'll help her gain a Charter Membership!
Perhaps I can convince her to have Heritage Auctions be a Sponsor here at Treasurenet.....

Be Well, Brother!

Best,

Scott

 

[Gare]

https://project2013b.blogspot.com/2021/10/welcome.html


Scott

AU24 K AMAZING JOB Thanks for posting

 

[Gare]

Yes.
I've also contacted Heritage Auctions.
Waiting to hear back.

Be Well!

Scott

please keep us informed

 

[Gare]

That’s correct, the numbers should not be duplicated even when the notes are printed at different plants. But this was an administrative cock-up by the Bureau of Engraving & Printing (BEP). The BEP authorises particular serial number runs for exclusive use by one or other of its two printing plants in Washington DC or Forth Worth, Texas. They then intermittently release monthly reports after the print runs have been completed, documenting the actual serial numbers used.

Collectors began to get excited in early 2015 when the $1 Series of 2013 New York star notes printed in Washington, DC began to appear in circulation with serial numbers that weren’t listed in the published BEP production records. Responding to a Freedom of Information Act request in December 2015, the BEP admitted that serial number runs authorised for use by the Washington plant and printed in November and December of 2014 had been inadvertently omitted from their reports.

It wasn’t until the BEP’s June and July 2015 production records were released that the implications of the cock-up became apparent. Some (but not all) of the improperly documented serial numbers authorised for Washington had been unintentionally re-issued for use by the Fort Worth, Texas plant to print additional New York star notes. In total, the ‘overlapping’ serial numbers resulted in 6,650,000 pairs of notes having matching numbers.

The ’Project 2013B’ website linked above is a remarkable endeavour which potentially enables collectors with a singleton note from one or other of the plants to find its partner with a matching serial number and hugely increase the value for the pair. So, as things stand, the pair that you have should have a substantial value because there hasn’t yet been much ‘matching’.

But, here’s the rub. As I see it, the more matches that are achieved, the more the price will drop and there are an awful lot of duplicate serials out there which are yet to be paired up. My take would be that selling prices will progressively drop steeply as more matches are made, and so too will the value of pairs which might have been purchased at high prices in the ‘early days’. It sounds like you should attempt to sell as swiftly as possible, playing up the current ‘rarity’. Ebay, with a high reserve, might be as good a place as any.



Incidentally, since the ’discovery’ of these paired notes, there has been an issue with the likes of companies such as Paper Money Guaranty® (PMG®). Up until July last year they had refused to acknowledge these notes as “errors” and would only grade them as “duplicated serial numbers”. Under continued protest from someone who had a matching pair and with support from Dr. Frederick Bart (author of “United States Paper Money Errors”) PMG, at least, ultimately relented. Dr. Bart went on record in part with: “I endorse these as ‘Production Errors’ and believe they should be classified as Production Errors with Duplicated Serial Numbers. I intend to identify these as such, in the 5th Edition of United States Paper Money Errors.”

GREAT POST 1!!

 

[AU24K]

https://currency.ha.com/itm/error-notes/miscellaneous-errors/production-error-duplicated-serial-numbers-fr-3001-b-3002-b-1-2013-federal-reserve-notes-pmg-very-fine-25-extremely-fine-40/p/3592-31001.s?ic2=myconsignmentspage-lotlinks-12202013&tab=MyConsignment-112816

Best,

Scott